71 Percent of Buyers Facing Competing Offers

There are numerous signs out there that housing is recovering, and the folks at Redfin have presented yet another one ? the preponderance of multiple offers.
Seventy-one percent of respondents in the brokerage’s Real-Time Home-Buyer Tracker�reported that when they signed an offer on a property, they faced competing offers. The survey sampled�nearly 6,000 buyers who had worked with Redfin agents in 18 major metropolitan areas.
Other valuable information in the survey included:

28 percent believe now is a good time to sell, up from 13�percent last quarter.
58�percent believe 2012 prices will increase, up ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/cHkYliDmyB4/

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